The Town FilesPalmetto Bay, Florida
Village in Miami-Dade County · population 24,439 (2020 Census)
- Median home
- $879,700
- Household income
- $142,447
- Jan low / Jul high
- 64° / 89°
- Snow a year
- 0 in
- Tornadoes ≤10 mi since 1950
- 44
- Median age
- 41.0
Palmetto Bay is a village of 24,439 people in Miami-Dade County, Florida. The median home is worth $879,700, above the typical Florida town ($331,600). It ranks more upscale than 97% of Florida towns, better for young professionals than 91% of Florida towns, better transit than 90% of Florida towns.
How Palmetto Bay ranks
Percentile among Florida towns with at least 500 people on The Town Files lifestyle rankings. 50 is typical for the state; 90 means better than 90% of Florida towns.
Homes and cost of living
The median home in Palmetto Bay is worth $879,700, above the typical Florida town ($331,600). Homes cost about 6.2 times the median household income of $142,447, which is more affordable than 15% of Florida towns. Median rent is $2,101 a month. 78.2% of households own their home.
| Housing | Palmetto Bay | Typical Florida town |
|---|---|---|
| Median home value | $879,700 | $331,600 |
| Median rent | $2,101 | $1,569 |
| Median household income | $142,447 | $71,140 |
| Home value ÷ income | 6.2× | 4.5× |
| Homeownership | 78.2% | 73.5% |
| Median year built | 1976 | 1985 |
| Seasonal / vacation homes | 1.5% | — |
Who lives in Palmetto Bay
| People | Palmetto Bay | Typical Florida town |
|---|---|---|
| Median age | 41.0 | 42.8 |
| Age 65 and over | 15.5% | 20.2% |
| Under 18 | 24.3% | — |
| Bachelor's degree or higher | 60.1% | 28.8% |
| Below the poverty line | 5.8% | 11.3% |
| Veterans | 4.5% | — |
| Born outside the U.S. | 32.4% | — |
| Work from home | 21.2% | 13.5% |
| Average commute | 35.3 min | 27.5 min |
| Homes with broadband | 94.1% | 92.4% |
Weather in Palmetto Bay
July highs average 88.6°F and January lows 63.7°F. About 51.0 inches of rain and melted snow fall a year, with 0.0 inches of snow (typical Florida town: 0.0 in). Expect about 29 days a year at 90°F or hotter and 0 nights at or below freezing.
Tornadoes, storms and disasters
44 tornadoes have passed within 10 miles of Palmetto Bay since 1950, compared with 35 for the typical Florida town. 2 rated (E)F2 or stronger. The strongest, an F3, struck on June 17, 1959 about 7.9 miles from the town center. The most recent was on May 25, 2023.
Hail of 1 inch or larger has been reported within 10 miles 39 times; the largest was 3.00 inches on June 15, 2012.
Severe weather in Miami-Dade County since 1996
Miami-Dade County has been included in 43 federal disaster or emergency declarations since 1953, most often for fire, other, tornado.
| Declared | Incident | Declaration |
|---|---|---|
| October 11, 2024 | Hurricane | DR-4834: Hurricane Milton |
| October 7, 2024 | Hurricane | EM-3622: Hurricane Milton |
| December 13, 2022 | Hurricane | DR-4680: Hurricane Nicole |
| November 8, 2022 | Tropical Storm | EM-3587: Tropical Storm Nicole |
| September 29, 2022 | Hurricane | DR-4673: Hurricane Ian |
Jobs and pay in Miami-Dade County
Miami-Dade County had 1,257,569 jobs in 2024, paying an average of $77,609 a year. Unemployment was 1.8% in 2023; in Palmetto Bay itself the ACS puts it at 2.7%.
Public schools in Palmetto Bay
3 public schools with 2,330 students, about 18.3 students per teacher.
| School | Grades | Students | Per teacher |
|---|---|---|---|
| SOUTHWOOD MIDDLE SCHOOL | 6-8 | 1,084 | 21.7 |
| CORAL REEF ELEMENTARY SCHOOL | PK-5 | 711 | 16.9 |
| DR. HENRY E. PERRINE ACADEMY OF THE ARTS | K-5 | 535 | 15.3 |
Towns near Palmetto Bay
- Palmetto Estates, FL2.6 mi · 13,498 people · home $445,900
- West Perrine, FL3.0 mi · 10,602 people · home $411,500
- Pinecrest, FL3.1 mi · 18,388 people · home $1,406,400
- Cutler Bay, FL3.3 mi · 45,425 people · home $472,700
- Richmond Heights, FL3.4 mi · 8,944 people · home $378,100
- Kendall, FL4.0 mi · 80,241 people · home $567,900
- South Miami Heights, FL4.8 mi · 36,770 people · home $407,100
- Three Lakes, FL5.3 mi · 16,540 people · home $481,300
Palmetto Bay questions
Is Palmetto Bay, Florida a good place to retire?
On The Town Files lifestyle rankings, Palmetto Bay scores better for retirees than 31% of Florida towns and quieter than 25%. 15.5% of residents are 65 or older (median age 41.0).
How much does a house cost in Palmetto Bay?
The median owner-occupied home in Palmetto Bay is valued at $879,700 (Census ACS 2020–2024), against a median household income of $142,447, so homes cost about 6.2 times income. Median rent is $2,101 a month.
What is the weather like in Palmetto Bay?
July highs average 88.6°F and January lows 63.7°F (NOAA 1991–2020 normals). It gets about 51.0 inches of precipitation a year and 0.0 inches of snow.
Does Palmetto Bay get tornadoes?
44 tornadoes have passed within 10 miles of Palmetto Bay since 1950 (NOAA Storm Events); the strongest was a F3 on June 17, 1959. The typical Florida town has had 35.
- U.S. Census Bureau, American Community Survey 5-year estimates (2020–2024)
- U.S. Census Bureau, 2020 Census and 2025 Gazetteer (2020 / 2025)
- NOAA NCEI U.S. Climate Normals (1991–2020)
- NOAA NCEI Storm Events Database (1950–2026)
- FEMA OpenFEMA Disaster Declarations (this product uses the FEMA OpenFEMA API but is not endorsed by FEMA) (1953–2026)
- NCES Common Core of Data (2023–24)
- BLS Quarterly Census of Employment and Wages; USDA ERS county unemployment (BLS LAUS) (2000–2024)
- The Town Files lifestyle rankings, built from federal demographic, school, crime and housing data (2025)